Just to share something with someone who is investing in the housing market.: r3 P7 ^* G9 e
Bought another condo and rent it with $1300/month. Condo fee G+ Y9 v8 _! X s, r$ u' Cand loan interest (3 years prime-0.85) total $1100/month. Not too bad.: I. W, U. O3 B) v8 S% b \
Also bought a new luxury apartment in China last month with $150,000.1 P# a" h3 }3 o8 W( H! w* x
That unit worths $160,000 this month.$ t) D& R r2 l# a* }& O) c! ?
Don't talk too much, just do it.
I don't want to invest in China either. But $1= 7.75 RMB is hard to resist. 4 i) Q3 ^' W- K" }. }) FI am not regreted so far even though I cannot catch the $1= 8.10 RMB prime.% f1 l6 L( p- K# R
Well, it is still the highest ever for my currency exchange history.